Originally posted by Sparko
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EDIT: to be more clear - the oil companies are just one facet of this. We haven't priced in sea level rise to our housing market. We haven't priced in rising temperatures in our wine growing regions. We haven't priced in drought into major agricultural regions like California. I suspect we're going to keep doing a "we must rebuild!" until we either get exhausted by it or run out of the money to do it.
I admit to being pessimistic about this, but humanity's given me good reason to be a pessimist, i'm afraid.
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